Happy Lunar Rabbit Year! Inflation and geographical tensions should provide good support for gold and silver prices in 2023. However, unexpected events such as “Fat Finger” trading and possible market spoofing may cause wild price swings within short time frames. Gold should find support at USD $1700.00 per ounce and silver at USD $20.00 per ounce. On and off, you will find analysts and gurus quoting “3-digit” silver prices and USD $5000.00 per ounce gold. But before all these could take place, gold and silver must consistently hover around USD $2000.00 per ounce and USD $30.00 per ounce. Why talk about going to Mars when the rocket is still in construction? Good luck.
